Less than two weeks after its launch, the decentralized social platform Friend.tech has already distributed approximately $2.5 million to its users. According to data from crypto research platform Delphi Digital, the top ten crypto influencers received a total of 391 ETH, equivalent to around $650,000.
Leading the earnings list is Cobie, a popular crypto account on X with over 737,000 followers. Cobie made 80 ETH, or approximately $132,000, by selling tokenized shares of their Friend.tech profile. HsakaTrades, another well-known influencer, earned 56 ETH, which translates to just over $93,000.
The alleged brains behind Friend.tech, Racer, has pocketed 55 ETH so far. Esports influencer FaZe Banks received 41 ETH, and Zhusu earned 33 ETH. Trading influencer RookieXBT and 100 Thieves founder Nadeshot also made it to the top ten list, with earnings of 23 and 16 ETH, respectively.
Friend.tech uses a bonding curve method to determine prices. This means that selling can occur even when there are no customers available. The system’s main advantage is that it allows anyone to profit from their brand and reputation. Each transaction on the site incurs a 10% fee, with 5% going to Friend.tech and 5% going to the account holder.
The early success of Friend.tech demonstrates the potential for decentralized social platforms to empower influencers and allow them to monetize their influence. By leveraging blockchain technology, Friend.tech provides a transparent and fair way for influencers to earn income from their online presence. As the platform continues to grow, it will be interesting to see how it further disrupts the traditional influencer marketing landscape.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice.